Megacable reports more than 2 million Xview+ subscribers at the end of Q2, after launching it on Android TV

As part of its Q2 2021 financial results presentation, Mexican holding Megacable reported that its Xview+ subscribers, its recently relaunched SVOD OTT, based on Android TV, recorded the best quarter since its launch. The platform reported a 91.4% growth (984 thousand net additions) in relation to Q2 2020 and managed to get more than 2 million subscribers. Also, compared to Q1 2021, the platform added 656 thousand new subscribers. In addition, Megacable reported that 84% of its subscriber base is digital, and has 5 million distributed STBs.

Megacable’s video segment  has also continued to grow, and ended Q2 2021 with almost 3.5 million subscribers, this way achieving a 196 thousand net additions (6%) increase in relation to Q2 2020, and 21 thousand new subscribers compared to the first three months of this year.

During Q2 2021, Megacable repeated the trend that has already taken place in previous quarters, in which more internet than video clients are reported. As of June 30th, the company confirmed more than 3.6 million internet subscribers. With this figure, the base grew 13% (419 thousand net additions) in relation to Q2 2020, and 58 thousand regarding Q1 2021, which meant a 1.6% growth in the base. “The company continues to invest in infrastructure to meet a higher bandwidth demand, in line with new consumption trends. At the end of the quarter, about 60% of subscribers are receiving speeds of 30 megabytes or higher or an internet offer through fiber, compared to 35% at the end of the same period last year’, they reported from Megacable.

Pay TV ARPU at the end of Q2 2021 was reported at MX $ 412.8 (USD 20.7). The video segment ranked second, whose ARPU at the end of Q2 was valued at MX $ 226.1 (USD 11.34); followed by the ones of internet (MX $ 187 – USD 9), and telephony (MX $ 69.2 – USD 3.4). However, the churn during Q2 was at 2%; 2.2% and 2.5% for the internet, video and telephony segments, respectively.